Head of Insurance Analysis in Stirling

Head of Insurance Analysis in Stirling

Stirling Full-Time 80000 - 100000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Lead a dynamic team in insurance financial analysis and reporting.
  • Company: Join M&G, a heritage firm with over 175 years of innovation.
  • Benefits: Enjoy 38 days annual leave, a generous pension scheme, and health cover.
  • Other info: Flexible working arrangements and a commitment to diversity and inclusion.
  • Why this job: Make a real impact in a supportive and inclusive environment.
  • Qualifications: Must have an accounting qualification and experience in life insurance analysis.

The predicted salary is between 80000 - 100000 £ per year.

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent. We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.

Responsibilities
  • Overall management and oversight of the entire Reporting Analysis team covering IFRS, UK GAAP, Capital generation and Solvency II results analysis for regulated insurance entities, providing leadership and direction.
  • Overall responsibility for oversight, review and challenge of the analysis of profit/analysis of change for all insurance regulated entities and the commentary to the Board.
  • Overall responsibility for the high quality analysis and review of the insurance regulated entities contribution to IFRS Group results ensuring all reporting and disclosure requirements are met.
  • Ensure compliance of results produced with latest applicable accounting and actuarial standards and regulations and M&G’s application of this in its methodology.
  • Responsible for analysis of any financial reporting results and associated MI to support regulated insurance entity reporting including liaison with Investor Relations.
  • Management and oversight of the Insurance Reporting Analysis team, ensuring that Reporting Analysis team members have appropriate skills, technology, training and experience to enable the team to fulfil their roles and to continue to develop and grow along with the business.
  • Responsible for ensuring internal controls are effective, compliant, and timely with applicable standards and regulations including quarterly attestation of the RCSA and Internal Controls Framework ensuring effectiveness, timeliness and completeness.
  • Manage and support external audit process for areas of responsibility, addressing specific audit queries raised, supporting the development of statutory audit committee reports and demonstrating influence in these interactions.
  • Support regulated insurance entity board and audit committee financial reporting production.
  • Keep up to date with the latest accounting and regulatory developments.
  • Provide support to business growth or developmental initiatives.
Knowledge & Skills:
  • An ability to interpret financial information to identify key issues based on this information and to put in place appropriate controls and measures to respond to business and regulatory requirements.
  • An ability to identify, assess, monitor, control and mitigate financial risks to the insurance business unit and the Group.
  • Experience of managing a team of a large, complex financial services/insurance business and manage performance effectively.
  • An ability to assess the effectiveness of the arrangements to deliver effective governance, oversight, risk management and a robust control environment across the finance function and the wider business.
  • An awareness and understanding of the evolving regulatory framework in which M&G plc operates.
  • Possess both a strong attention to detail and a bigger picture mind-set.
  • Ability to build strong relationships at all levels across the business, flex interpersonal style accordingly and influence others effectively.
  • Inspirational manager capable of maintaining a high-performing team.
  • Openness to innovation and to encourage creativity in the team.
  • Ability to quickly adapt to new and evolving situations.
Experience:
  • Highly experienced in Life Insurance financial analysis under IFRS, Solvency II including capital generation and UK GAAP.
  • Strong understanding of with-profits product complexities.
  • Excellent technical knowledge, with strong attention to detail.
  • Ensures successful implementation of defined strategy and owns end-to-end analysis processes.
  • Balances competing requirements to deliver a balanced set of results, resolving significant or priority conflicts.
  • Drives incremental and transformational change in response to experience of business needs and manage continuous improvements in processes and outputs.
  • Proficient in the use of MS Excel, Word, PowerPoint.
Educational Qualification:
  • An accounting qualification (e.g. CA, ACA, ACCA) necessary.
What we offer:

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

  • A valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions.
  • Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services.
  • 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy.
  • Market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave.
  • Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options.

We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: careers@mandg.com

Head of Insurance Analysis in Stirling employer: Prudential UK Services

At M&G, we pride ourselves on being an exceptional employer that fosters a culture of innovation, inclusivity, and personal growth. With a comprehensive benefits package including an 18% pension scheme, generous annual leave, and robust family support policies, we ensure our employees can thrive both professionally and personally. Located in a dynamic environment, we offer flexible working arrangements and a commitment to employee wellbeing, making M&G a truly rewarding place to build your career in the insurance sector.

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Contact Details:

Prudential UK Services Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Head of Insurance Analysis in Stirling

Tip Number 1

Network like a pro! Reach out to your connections in the insurance and finance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!

Tip Number 2

Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you answer questions more confidently and show that you're genuinely interested in being part of their team.

Tip Number 3

Practice makes perfect! Conduct mock interviews with friends or use online platforms. Focus on articulating your experience in financial analysis and leadership, as these are key for the Head of Insurance Analysis role.

Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining our team at M&G. Let’s get you that dream job!

We think you need these skills to ace Head of Insurance Analysis in Stirling

Financial Analysis
IFRS
UK GAAP
Solvency II
Capital Generation
Risk Management
Team Management

Some tips for your application 🫡

Tailor Your Application:Make sure to customise your CV and cover letter for the Head of Insurance Analysis role. Highlight your experience in financial analysis, team management, and regulatory compliance, as these are key aspects of the job.

Showcase Your Skills:Don’t just list your qualifications; demonstrate how your skills align with the responsibilities mentioned in the job description. Use specific examples from your past experiences to illustrate your expertise in IFRS and Solvency II.

Be Authentic:Let your personality shine through in your application. We value integrity and authenticity, so don’t hesitate to share your passion for the insurance industry and how you can contribute to our mission.

Apply Through Our Website:For the best chance of success, make sure to submit your application through our website. This way, we can easily track your application and ensure it reaches the right people!

How to prepare for a job interview at Prudential UK Services

Know Your Numbers

As the Head of Insurance Analysis, you'll need to demonstrate a strong grasp of financial metrics. Brush up on IFRS, UK GAAP, and Solvency II standards. Be ready to discuss how you've used these frameworks in past roles to drive results.

Showcase Your Leadership Skills

This role requires managing a team effectively. Prepare examples of how you've inspired and developed your team in previous positions. Highlight your ability to foster a high-performing environment and how you handle performance management.

Understand the Regulatory Landscape

Familiarise yourself with the latest accounting and regulatory developments relevant to the insurance sector. Be prepared to discuss how you've navigated these changes in your previous roles and how you can ensure compliance in this new position.

Build Relationships

The ability to influence and build relationships across the business is crucial. Think of examples where you've successfully collaborated with different teams or stakeholders. Show that you can adapt your interpersonal style to connect with various levels within the organisation.